Stockholm-listed health-tech company H100 Group has raised an additional $54 million (SEK 516 million) through directed Tranches 6 and 7. The firm claims the funding will bolster its aggressive Bitcoin treasury strategy, first announced in June 2025.
H100 Group has raised an additional SEK 516M (~$54M) through the execution of Tranche 6 and Tranche 7 — as initially announced on 16 June 2025.
Total capital secured to date: SEK 921M ($96M), up from SEK 405M ($42M). pic.twitter.com/pTQkS5kyH0
— H100 (@H100Group) July 9, 2025
H100 Group Raises Capital for BTC Treasury
The financing consisted of a directed share issue, involving 27.17 million new shares at $0.67 each. It also included a convertible debenture raising of $35.9 million at a conversion price of $0.89 per share. The latest round increases the total capital secured to $96 million, a significant rise from $42 million before the June 16 announcement.
Notably, the Swedish firm’s Bitcoin strategy was launched in May with a $5 million purchase of 4.39 BTC, followed by a $10.5 million round in June backed by Blockstream CEO Adam Back and others. The startup has since scaled its holdings to approximately 247.54 BTC, including an additional 47.33 BTC acquired last week at a price of around $110,000 per BTC.
The firm’s CEO, Sander Andersen, explains the reason behind the company’s focus on Bitcoin. The company views BTC as a strategic reserve asset capable of preserving capital and strengthening the balance sheet to support H100’s AI-driven health mission. The firm believes that its financing structure enables capital deployment without requiring shareholder dilution or rights offerings.
Other European Firms Bet on BTC
Norwegian digital asset firm K33 recently announced the first phase of its Bitcoin treasury plan, deploying $6.2 million to acquire 10 BTC, with ambitions to grow its holdings to 1,000 BTC over time. Its CEO, Bull Jenssen, emphasized Bitcoin’s central role in the future financial system and noted that the treasury strategy will attract institutional partners.
UK-listed Smarter Web Company has made headlines, with its stock price skyrocketing approximately 7,300% in six weeks after pivoting to a Bitcoin treasury model. Holding approximately 242 BTC, the firm is now valued at over $650 million, fueling excitement among its investors.
Paris-based Blockchain Group has emerged as a major player in Europe’s corporate crypto movement. It acquired 624 BTC in June and later added 182 BTC, bringing its total to around 1,653 BTC, with a reported 1,173% BTC yield year-to-date.
Find Cryptocurrencies to Watch and Read Crypto News on the Go Follow CryptosToWatch on X (Twitter) Now
